Which Govt Launches â€˜iStart Talent Connect Portalâ€™?

Daily Current Affairs

Rajasthan

Haryana

Gujarat

Maharashtra

Correct Answer : Rajasthan

The Rajasthan government recently (on October 6, 2023) launched the ‘iStart Talent Connect Portal’ at Jaipur’s Techno Hub. The portal, which has been unveiled under the state government’s flagship initiative, iStart Rajasthan, in collaboration with Jaipur-based startup Hyrefox, has been developed to serve as a user-friendly platform for both job providers and job seekers.

The platform not only allows companies to discover potential talent but also lets them post job openings and connect with their future employees.

Prateek Jain, the CEO and cofounder of HyreFox said, “The website aims at catalysing the synergy between emerging businesses and skilled professionals, ultimately fostering a thriving work environment.”

Founded in 2018, HyreFox is a job hiring aggregator startup that connects startups and corporates with recruitment firms across India via its website.

At the event, Navaldeep Singh, director, HyreFox, highlighted how the Talent Connect Portal can address the challenges faced by corporates and startups in finding the right candidates.

Chiming in, Jain said that the portal aims to bridge the divide between companies and job seekers while fostering connections between corporations, academic institutions, the government and students.

The primary value proposition lies in efficient talent discovery and the absence of portal usage costs makes hiring cost-effective for businesses. The platform will also maintain a user database, facilitating the search for the right employees or companies.

The Talent Connect Portal is just one of the many initiatives taken by iStart to empower its startup ecosystem. Since its launch in 2017, iStart has played a pivotal role in nurturing local talent and supporting diverse new-age sectors and ventures.

The state government’s iStart initiative provides a plethora of opportunities, including incubation centres, mentorship, networking and essential business support services, to regional startups.

The initiative has resulted in the creation of more than 29,000 jobs in the state since 2017. While these efforts continue to nurture startups in the state, iStart has also attracted investor attention.

Notably, Rajasthan-based startups have collectively raised more than $307 Mn between 2014 and H1 2023 from Indian and global investors like Peak XV Partners, Y Combinator, LetsVenture, Marwari Catalysts and Avaana Capital..

Source : Inc42

Published On : October 25, 2023

Solar’s Ascendance in India :

In 2015, India ranked ninth in solar energy deployment, but by 2023, it produced 5.8% of its electricity from solar, up from 0.5% in 2015. This significant increase underscores India’s commitment to clean energy and its pivotal role in mitigating climate change.

Global Solar Growth Trends :

Ember’s report highlights that solar energy witnessed a remarkable increase globally, with 2023’s solar generation exceeding six times that of 2015. The top four solar growth countries, including India, accounted for 75% of this growth, emphasizing the widespread adoption of solar power worldwide.

Published On : May 9, 2024

Q .

India's Toy Exports Slip to _____ Million in 2023-24

$102.92

$121.19

$139.53

$152.34

Correct Answer : Option (D) - $152.34

India’s toy exports experienced a slight decline to USD 152.34 million in the fiscal year 2023-24, with limited benefits from quality control measures. Despite efforts to bolster the domestic industry and ensure product safety, exports did not see significant improvement.

Declining Export Trends :

Export figures dropped marginally from USD 153.89 million in the previous fiscal year to USD 152.34 million in 2023-24, as outlined by the Global Trade Research Initiative (GTRI). Despite a modest increase in exports from FY’2020 to FY’2022, the subsequent year witnessed a downturn.

Import Trends :

Conversely, imports rose to USD 64.92 million in 2023-24 from USD 62.37 million in the preceding year, indicating a persistent challenge in balancing trade dynamics.

GTRI’s Recommendations :

Comprehensive Industry Development Strategy : GTRI Founder Ajay Srivastava emphasized the necessity for a holistic approach to foster the growth of India’s toy industry and bolster exports.

Domestic Ecosystem Strengthening : Developing a robust domestic ecosystem is paramount, alongside measures to encourage renowned global toy brands to establish manufacturing facilities within India’s borders.

Published On : May 9, 2024

Q .

India Leads Global Remittances, Surpassing _____ Billion Mark.

$50

$100

$200

$250

Correct Answer : Option (B) - $100

India emerged as the global leader in remittances in 2022, receiving over $111 billion, surpassing the $100 billion mark for the first time. The International Organisation for Migration (IOM) highlighted India, alongside Mexico, China, the Philippines, and France, as the top five remittance recipient countries.

Consistent Growth: From $53.48 Billion to $111.22 Billion

The UN’s World Migration Report 2024 underscored India’s consistent growth in remittances, noting a rise from $53.48 billion in 2010 to $111.22 billion in 2022. This significant increase showcases India’s pivotal role in the global remittance landscape.

Southern Asia’s Significance in Global Remittances :

The IOM emphasized Southern Asia’s importance as a major recipient of global remittances, attributed to its high proportion of migrant workers and emigrants. India, Pakistan, and Bangladesh all ranked among the top ten recipients worldwide, highlighting the sub-region’s reliance on labor migration.

Prominent Migration Corridors and Destination Countries :

While India ranks 13th as a destination country for immigrants, it features prominently in various international migration corridors, including India-United Arab Emirates, India-Saudi Arabia, and Bangladesh-India, all of which are among the top 10. This indicates India’s significant role in global labor migration patterns.

Published On : May 9, 2024